Friday, September 27, 2013

GateHouse Media files for bankruptcy

GateHouse Media, owner of the Carthage Press, Neosho Daily News, Pittsburg Morning Sun, and more than 400 publications in the United States, filed for Chapter 11 bankruptcy this morning in U. S. Bankruptcy Court for Delaware.

The filing is part of a reorganization that will see the company paying back a portion of its debt and eventually joining with 23 newspapers formerly owned by Rupert Murdoch's NewsCorp to form a new company. GateHouse has more than $1.2 billion of debt.

The bankruptcy includes all of GateHouse Media's subsidiaries, including GateHouse Missouri, which publishes the following newspapers:

Carthage Press
Neosho Daily News
Waynesville Daily Guide
Rolla Daily News
Moberly Monitor-Index
Mexico Ledger
Maryville Daily Forum
Greenfield Vedette
Boonville Daily News
Camdenton Lake Sun Leader
Chillicothe Constitution-Tribune
Macon Journal
Hannibal Courier-Post
Aurora Advertiser
Kirksville Daily Express
Linn County Leader
Independence Examiner
St. James Leader-Journal

GateHouse also owns a number of shoppers and advertising publications in the state, including the Big Nickel in Joplin and the Lake Stockton Shopper.

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